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Daily Research 12 December 2017

US stocks moved higher yesterday. New York’s terror attacks have not affected investors’ optimism that are still expecting The Fed to continue its rate hike plan at
Wednesday night’s meeting.

Nikkei 225 and Kospi opened lower this morning, while the All Ordinaries higher.

JCI is still likely to move sideways around its MA20 support, which shows no strong trend to rise or fall. Support 5,965 and resistance 6,085.

ACES

Sell on Strength

S2

S1

Level

R1

R2

1,125

1,190

1,240

1,290

1,365

ACES moved higher during the last 3 days but with the presence of its strong horizontal resistance that could limit the gaining turn.

ASII

Sell on Strength

S2

S1

Level

R1

R2

8,000

8,200

8,400

8,550

8,750

ASII ended the session higher with a low volume that could dampen the upswing.

DOID

Hold

S2

S1

Level

R1

R2

535

595

670

815

890

DOID closed the session lower with a thin volume and oversold RSI trend. A further downside would remain possible if DOID break its diagonal support may trigger price correction.

ITMG

Buy on Weakness

S2

S1

Level

R1

R2

19,450

20,250

20,775

22,200

23,000

ITMG ended the trading negatively near its diagonal support area with a thin volume suggesting a limited downside potential.

* This report is for informational purposes only. This report is exclusively published for the use of Kiwoom Securities clients, and may not be reproduced or distributed. While the information was collected from secure sources, Kiwoom Security does not guarantee the accuracy or reliability of the information. Kiwoom Securities bears no liability for any losses that may occur from investments based on the information provided in this report.